Project cash flow Colsen Communications is trying to estimate the first-year cash flow (at Year 1) for a proposed project. The financial staff has collected the following information on the project: The company has a 40% tax rate, and its WACC is 13%. Write out your answers completely. For example, 13 million should be entered as 13, 000, 000. a. What is the project's cash flow for the first year (t = 1)? b. If this project would cannibalize other projects by $2 million of cash flow before taxes per year, how would this change your answer to part a? The firm's project's cash flow would now be $ c. Ignore part b. If the tax rate dropped to 35%, how would that change your answer to part a? The firm's project's cash flow would